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Sec. 5. And be it enacted, That the stock-
holders composing this company, or their repre-
sentatives by proxy, shall on such day as they or
a majority of them shall determine, choose by
ballot from among said stockholders seven Direc-
tors to serve for one year, or until others are
chosen, each stockholder to have one vote for
every five shares of stock, and the Directors so
chosen shall at their first meeting choose by ballot
a President and Vice President from among their
own body, and in case of the death, resignation
or disqualification of the President or Vice Presi-
dent, or a Director or Directors, shall proceed to
elect another or others to fill the vacancy for the
remainder of the year.
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Officers to be
chosen.
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Sec. 6. And be it enacted, That the President,
Vice President and Directors of said company shall
be and they are hereby authorized and empowered
to receive and keep on deposit all such valuables,
gold, silver, or paper money, bullion, precious
metals, jewels, plate, certificates of stock or evi-
dence of indebtedness, deeds or muniments of title,
or other valuable papers of any kind or any other
article or thing whatsoever, which may be left or
deposited for safe keeping with said company, and
shall be entitled to charge such commission or
compensation therefore as may be agreed upon,
and for the complete preservation and safe keeping
thereof shall construct, erect or purchase such fire
and burglar proof building, vaults, iron or com-
position safes or other means which may be or
become necessary, and generally to transact and
perform all the business relating to such deposit
and safe keeping or preservation of all such articles
or valuables as may be deposited with said com-
pany, and also to invest the capital or funds of the
said company, or such money o'r funds as may be
deposited with said company for that purpose,
from time to time in the public funds of the
United States, or of this State, or in any stock or
property whatsoever, and to dispose of the said
stocks, money, and property in such manner (not
contrary to law) as to them shall appear most
advantageous to said company.
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Powers of
Company.
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